G&S Capital LLC Has $1.47 Million Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

G&S Capital LLC lessened its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,954 shares of the company’s stock after selling 470 shares during the quarter. G&S Capital LLC’s holdings in American Electric Power were worth $1,471,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AEP. Avestar Capital LLC lifted its stake in American Electric Power by 3.3% in the fourth quarter. Avestar Capital LLC now owns 4,832 shares of the company’s stock valued at $446,000 after acquiring an additional 154 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of American Electric Power by 9.3% in the 4th quarter. Van ECK Associates Corp now owns 159,725 shares of the company’s stock valued at $14,731,000 after purchasing an additional 13,635 shares during the period. Retirement Guys Formula LLC lifted its stake in American Electric Power by 13.3% in the 4th quarter. Retirement Guys Formula LLC now owns 8,783 shares of the company’s stock valued at $810,000 after purchasing an additional 1,034 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in American Electric Power by 2.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company’s stock worth $427,009,000 after purchasing an additional 100,578 shares during the period. Finally, Avidian Wealth Enterprises LLC acquired a new position in American Electric Power during the fourth quarter worth approximately $372,000. 75.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AEP shares. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and raised their price objective for the company from $98.00 to $104.00 in a research report on Monday, January 13th. Evercore ISI cut their price target on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 price objective (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Wells Fargo & Company cut their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Finally, Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $98.00.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $102.35 on Thursday. American Electric Power Company, Inc. has a 12-month low of $77.51 and a 12-month high of $105.18. The company’s 50 day moving average price is $95.38 and its two-hundred day moving average price is $97.90. The firm has a market cap of $54.46 billion, a PE ratio of 20.51, a PEG ratio of 2.84 and a beta of 0.58. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.41% and a net margin of 13.48%. Equities research analysts predict that American Electric Power Company, Inc. will post 5.58 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is currently 74.55%.

American Electric Power Company Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.